ANNELICE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ANNELICE
Largest movements
- Receivables within one year +€20,611
up €20,611 (+35.3%), from €58,337 to €78,948
of which Trade receivables: +€30,634
- Tangible fixed assets +€16,087
up €16,087 (+29.4%), from €54,710 to €70,797
of which Furniture and vehicles: +€30,743
- Cash +€3,179
up €3,179 (+282%), from €1,125 to €4,304
mainly Other debts (+€42,882) and Net result for the year (+€24,035)
- Other debts +€42,882
new in 2025: €42,882
- Reserves -€18,848
down €18,848 (-16.9%), from €111,551 to €92,703
of which Distributable reserves: -€18,848
- Debts after one year +€10,164
up €10,164 (+34.1%), from €29,789 to €39,953
- Short-term financial debts -€9,950
down €9,950 (-100%), from €9,950 to €0
- Tax, wage and social debts +€9,779
up €9,779 (+157%), from €6,246 to €16,025
of which Taxes: +€10,299
- Gross operating margin +€23,021
up €23,021 (+36.7%), from €62,657 to €85,678
- Taxes +€10,485
up €10,485 (+1,601%), from €655 to €11,140
- Staff costs -€10,017
down €10,017 (-25.3%), from €39,529 to €29,512
- Depreciation +€1,887
up €1,887 (+9.7%), from €19,500 to €21,387
- Financial charges -€1,116
down €1,116 (-34.5%), from €3,235 to €2,119
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,948 | €259,425 | +€39,478 | +17.9% |
| Fixed assets | 21/28 | €60,806 | €76,894 | +€16,087 | +26.5% |
| Tangible fixed assets | 22/27 | €54,710 | €70,797 | +€16,087 | +29.4% |
| Plant, machinery and equipment | 23 | €33,651 | €24,467 | -€9,184 | -27.3% |
| Furniture and vehicles | 24 | €3,789 | €34,532 | +€30,743 | +811% |
| Leasing and similar rights | 25 | €17,271 | €11,799 | -€5,472 | -31.7% |
| Financial fixed assets | 28 | €6,097 | €6,097 | = | 0.0% |
| Current assets | 29/58 | €159,141 | €182,531 | +€23,390 | +14.7% |
| Amounts receivable after more than one year | 29 | €97,869 | €97,869 | = | 0.0% |
| Other amounts receivable | 291 | €97,869 | €97,869 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,810 | €1,411 | -€399 | -22.1% |
| Stocks | 30/36 | €1,810 | €1,411 | -€399 | -22.1% |
| Amounts receivable within one year | 40/41 | €58,337 | €78,948 | +€20,611 | +35.3% |
| Trade receivables | 40 | €45,149 | €75,783 | +€30,634 | +67.9% |
| Other amounts receivable | 41 | €13,188 | €3,164 | -€10,023 | -76.0% |
| Cash at bank and in hand | 54/58 | €1,125 | €4,304 | +€3,179 | +282% |
| Total equity and liabilities | 10/49 | €219,948 | €259,425 | +€39,478 | +17.9% |
| Equity | 10/15 | €130,143 | €111,295 | -€18,848 | -14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €111,551 | €92,703 | -€18,848 | -16.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €501 | €501 | = | 0.0% |
| Distributable reserves | 133 | €109,191 | €90,343 | -€18,848 | -17.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €89,805 | €148,130 | +€58,325 | +64.9% |
| Amounts payable after more than one year | 17 | €29,789 | €39,953 | +€10,164 | +34.1% |
| Financial debts | 170/4 | €29,789 | €39,953 | +€10,164 | +34.1% |
| Amounts payable within one year | 42/48 | €54,181 | €108,177 | +€53,996 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €12,100 | €16,558 | +€4,458 | +36.8% |
| Financial debts | 43 | €9,950 | €0 | -€9,950 | -100% |
| Credit institutions | 430/8 | €9,950 | €0 | -€9,950 | -100% |
| Trade debts | 44 | €25,885 | €32,712 | +€6,827 | +26.4% |
| Suppliers | 440/4 | €25,885 | €32,712 | +€6,827 | +26.4% |
| Taxes, remuneration and social security | 45 | €6,246 | €16,025 | +€9,779 | +157% |
| Taxes | 450/3 | €628 | €10,927 | +€10,299 | +1,640% |
| Remuneration and social security | 454/9 | €5,618 | €5,098 | -€520 | -9.3% |
| Other amounts payable | 47/48 | - | €42,882 | +€42,882 | |
| Accrued charges and deferred income | 492/3 | €5,835 | €0 | -€5,835 | -100% |
| Remuneration, social security and pensions | 62 | €39,529 | €29,512 | -€10,017 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,500 | €21,387 | +€1,887 | +9.7% |
| Other operating charges | 640/8 | €1,690 | €1,244 | -€446 | -26.4% |
| Gross operating margin | 9900 | €62,657 | €85,678 | +€23,021 | +36.7% |
| Operating profit (loss) | 9901 | €1,938 | €33,535 | +€31,596 | +1,630% |
| Financial income | 75/76B | €3,173 | €3,759 | +€586 | +18.5% |
| Recurring financial income | 75 | €3,173 | €3,759 | +€586 | +18.5% |
| Financial charges | 65/66B | €3,235 | €2,119 | -€1,116 | -34.5% |
| Recurring financial charges | 65 | €3,235 | €2,119 | -€1,116 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €1,877 | €35,175 | +€33,298 | +1,774% |
| Income taxes | 67/77 | €655 | €11,140 | +€10,485 | +1,601% |
| Profit (loss) for the period | 9904 | €1,222 | €24,035 | +€22,813 | +1,867% |
| Profit (loss) for the period to be appropriated | 9905 | €1,222 | €24,035 | +€22,813 | +1,867% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.